OTTAWA, June 11, 2013 (GLOBE NEWSWIRE) -- Validian Corp. (OTCQB:VLDI), first-to-market with next generation cyber security technology that provides secure access, transfer and storage of digital information on wired, wireless and mobile networks over the Internet, is pleased to announce that it has entered into collaboration with an existing channel partner for the development of a secure Online Banking solution based on Validian's cyber security technology for release during 2013.
Validian's channel partner provides solutions, including in support of online banking, to two national banks and a number of regional banks. Currently, every Online Banking service in the world is breached by man-in-the-browser attacks resulting in annual losses of hundreds of billions of dollars. Validian has the first-to-market and only cyber technology that prevents cyber attacks on, and cyber breaches of, Online Banking, including man-in-the-browser attacks.
"The prevention of the ongoing, multi-billion dollar cyber attacks on, and cyber breaches of, Online Banking is the number one objective of the global banking industry and Validian is ideally positioned to be the first to provide this prevention. We are very pleased to enter into a development arrangement with one of our existing channel partners that already services and supports a number of key banks in this sector," stated Validian President and CEO, Bruce Benn.
About Validian Corporation
Validian Corporation (OTCQB:VLDI) is first-to-market with next generation cyber security technology that provides secure access, transfer and storage of digital information on wired, wireless and mobile networks over the Internet. Validian technology enables the next generation of secure Cloud Computing, Cloud Storage, Distributed Computing and Web Application and WebPortal Access and Usage for desktop & laptop computers, servers, tablets and SmartPhones.
The Company provides solutions that can be customized to the client's business process to ensure end-to-end authenticity, integrity and custody of high value digital assets. Validian is a U.S. public company with offices in the U.S. and Canada. Visit www.Validian.com for more information on its digital asset solutions.
Safe Harbor Statement
Investors should carefully consider the information contained in this news release before making an investment in the shares of the company. Information contained in this news release contains "forward looking statements", which can be identified by the use of forward-looking terminology such as "believes," expects," "may," "should," or "anticipates" or negative thereof or given that the future results covered by such forward -looking statements will be achieved. The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements.